Zoetis Inc. (ZTS) Stifel Jaws & Paws Conference 2026 May 28, 2026 3:00 PM EDT
Company Participants
Wetteny Joseph – Executive VP & CFO
Kristin Peck – CEO & Director
Conference Call Participants
Jonathan Block – Stifel, Nicolaus & Company, Incorporated, Research Division
Presentation
Jonathan Block
Stifel, Nicolaus & Company, Incorporated, Research Division
All right, guys. Good afternoon. Next up, we have Zoetis. I’m pleased to have on stage with us their CEO, Kristin Peck; and Wetteny Joseph, their CFO.
I got a lot to discuss, a lot to get into. Guys, if you have questions, throw up your hand. I’m going to try to go in some sort of order or structure and see if I can abide by that.
Question-and-Answer Session
Jonathan Block
Stifel, Nicolaus & Company, Incorporated, Research Division
So let’s start with the updated 2026 guidance. Top line organic operational growth was 0 in the quarter — in the first quarter. It did have a benefit. And the updated full year guidance calls for 2% to 5%. So some of the incoming that I’ve been getting is like, look, other than comps, why do things get better for the balance of the year? Maybe if you could just call out maybe some of the drivers there.
Wetteny Joseph
Executive VP & CFO
Sure. I’ll start, Jon, on this. And as we shared on the call, as we look at the balance of the year, there are a number of areas that we anticipate sequential improvement in. You would have seen in the quarter, for the first time in 5 quarters, we saw OA pain actually saw sequential growth. We’ve been talking about, although modest, but we’ve been talking about stabilizing OA pain for some time now and our multipronged execution is taking hold, and we’re seeing some of that impact as we saw in the quarter. If you look at
